Pacer Advisors Inc. Sells 9,516 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Pacer Advisors Inc. cut its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 23.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,246 shares of the company’s stock after selling 9,516 shares during the period. Pacer Advisors Inc.’s holdings in Norwegian Cruise Line were worth $568,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NCLH. Capital Research Global Investors increased its stake in Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares during the period. Dimensional Fund Advisors LP raised its holdings in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after buying an additional 1,129,770 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Norwegian Cruise Line in the second quarter worth $15,213,000. Finally, Hodges Capital Management Inc. boosted its stake in Norwegian Cruise Line by 33.0% during the second quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock worth $28,588,000 after buying an additional 377,233 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NCLH. Barclays increased their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Susquehanna raised their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Truist Financial upped their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.43.

Norwegian Cruise Line Stock Down 0.6 %

NYSE:NCLH opened at $20.95 on Friday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $21.73. The company has a 50-day moving average of $17.92 and a 200 day moving average of $18.04. The firm has a market cap of $9.21 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current fiscal year.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.